Real-Time Spot Market Freight Auctions
Post.Bid.Ship., a Gold level member of Oracle PartnerNetwork (OPN), today announced it has achieved Oracle Validated Integration of BConn with Oracle Transportation Management (OTM).This integration gives OTM users access to an online Freight Marketplace, often referred to in the transportation industry as a “Load Board.”
To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. BConn gives OTM users the ability to launch auctions of their spot market shipments from their transportation management systems.
“We are excited to bring Post.Bid.Ship. BConn to Oracle Transportation Management and are proud that BConn earned the Oracle Validated Integration designation,” said Tom Blondi, chief executive officer of Post.Bid.Ship. “BConn provides a convenient means of solving a major pain point faced by many users of Oracle Transportation Management: the significant cost premiums they pay when they must purchase spot market trucking capacity.”
“Achieving Oracle Validated Integration gives our customers confidence that the integration between BConn and Oracle Transportation Management is functionally sound and performs as tested,” said Derek Gittoes, vice president,supply chain management product strategy, Oracle. “Oracle Validated Integration applies a rigorous technical review and test process that helps to reduce deployment risk and improves the user experience of the partner’s integrated offering.”
Post.Bid.Ship. offers the commercial freight transportation industry a next-generation online marketplace that communicates and sells truck space in real time. BConn enables OTM users to bid out their spot market freight shipments to three potential pools of bidders. First, BConn users can conduct “private auctions” limited to existing service providers in OTM. Second, BConn users can receive bids from Post.Bid.Ship.’s network of pre-screened carriers whose capabilities match the shipment’s needs. Third, BConn users can open the auction to both their existing service providers and Post.Bid.Ship.’s carrier network. Regardless of the bidders’ origin, BConn enables OTM users to view and award bids online and updates the shipment in Oracle Transportation Management to reflect the winning carrier’s bid amount and other financial details.